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You would create a second K-1 for that entity, like receiving 2 K-1s from them with Box 16 Code F on one and Code G on the other
You would create a second K-1 for that entity, like receiving 2 K-1s from them with Box 16 Code F on one and Code G on the other
If I do that, my Income Tax due increases significantly, possibly because of income shown elsewhere in the K-1. Do I leave all other Boxes blank on the duplicate EXCEPT Box 16?
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